Unhappy Anniversary: It may seem like 10 years ago, but it was only last Sept 25 that President George W. Bush summoned presidential candidates John McCain, left, and Barack Obama, right, along with Congressional leaders, to discuss the financial meltdown.…
Here in flyover country, there is a temptation to a certain schadenfreude about the problems besetting the state of California. Years of hearing about sunshine, scenery, science, beaches, mountains, movie stars and cheap education at terrific public universities can’t help…
From the Center for Public Integrity
The Center for Public Integrity, a nonpartisan Washington think tank that does invaluable work tracking the influence of money in politics, is out with a new report that identifies the companies responsible for the collapse…
President Obama at Georgetown: How's that for visuals? (AP Photo/Gerald Herbert)
In a major economic speech Tuesday at Georgetown University’s Gaston Hall, President Barack Obama turned to the Sermon on the Mount to urge that America, in rebuilding its economy, “build our…
Tim Geithner: Is second time the charm? (Paul J. Richards/AFP/Getty)
The American public rightly is skeptical about the way the first $350 billion in Troubled Assets Relief Program funds were spent. Now comes the Obama administration with a new name for the…
GOP leader Rush Limbaugh
It says something strange about congressional Republicans that while most of them profess not to like the economic stimulus package being debated in Congress, none of them has come up with a serious alternative.
In fact, the…
President Obama on Capitol Hill after lobbying House Republicans on behalf of the $825 billion economic stimulus package. (AP Photo)
As a measure of the state of the U.S. economy, the U.S. House of Representatives today is expected to pass an…
Business as usual at the New York Stock Exchange as President Obama delivers his Inaugural Adress.
The first clue of Barack Obama’s intentions came when the television cameras captured him walking down the long halls of the Capitol toward the platform where…
It’s tempting to see our deepening economic crisis through the prism of the culture of greed that flourished under the let-markets-run-wild ideology of the outgoing Bush administration.
To be sure, any administration that lets private companies rip off the military in wartime…
Like a gift from the Magi it arrived, just in time to soothe a tortured soul searching for a theme for a Christmas essay. The headline on th
e press release read:
“Why Christmas Should Be More Commercial.”
The subhead, or secondary, headline, read:
“Christmas…
Tough times at auto dealers
And now a look at last week’s economic news:
Unemployment claims were up and rising. Consumer spending was down and falling. You could shoot a cannon through a lot of new-car showrooms and not hit anyone. General Motors,…
The price of gasoline in St. Louis averaged $2.02 per gallon on Friday, a little more than half of its $3.98 high last July. This week a gallon of regular unleaded is going for less $2 at many stations for the…
